Each bookmaker tries to be more appealing by providing punters with different bonuses. In this respect, betting sites are ranked not only by odds and the types of markets they offer, but with their promotional campaigns as well. In this article, you will learn all that you need to know about the different aspects of bonuses.
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What are bonuses?
Usually, a bonus is the amount of money given to you by the bookmaker so you can use it for your bets. The amount always has a maximum value, and you cannot withdraw it as soon as you receive it. First, you must roll it over (place a bet with it) a certain amount. The bonuses could be in the form of free bets meaning that under specific requirements the bookmaker allows you to bet a certain amount of money on a particular event and if your prediction comes true then you win the sum total. A bonus could also be in the form of a boosted promo. The bookmaker chooses a particular event and under specific requirements, allows you to bet on the end result of the match with much higher odds.
What bonuses are offered to new users?
New online customers are often entitled to generous bonuses. To motivate them right from the start, the bookie will set up welcome bonuses or even no deposit bonuses. To redeem welcome bonuses, the players must fund their account by making the first deposit.
No deposit bonuses do not require topping up the account. They are normally automatically assigned after registration, although sometimes they need a promo code to be unlocked. You will often see bookmakers free bets flashing on betting sites’ front pages, contrasting best casino bonuses no deposit deals.
Bonuses for Existing Players
One of the most gratifying things about virtual casinos and bookmakers is the fact that customers can enjoy promotional rewards throughout their activities. Existing players are just as privileged as new players, having access to reload bonuses, cashback promotions, accumulator offers and loyalty bonuses.
Reload bonuses are means of adding funds to your playing balance by making a qualifying deposit. You will receive bonus funds to match a certain percentage of your payment. These can be offered from time to time or be always open, depending on the bonus policy of the betting site in question.
Cashbacks will give you back a percentage of what you have lost over a certain period. Loyalty perks come to those who are always active and accumulator offers will give you special boosts on accumulator bets. Some of the best bookmaker offers are continuous promotional deals that one can make use of weekly or daily.
Bonus deals for existing players always carry wagering requirements described on the page of each individual offer. Bettors should pay attention to them and fulfill the conditions to fully make use of the bonus.
What should we look out for when choosing a bonus?
The most important things that you must be aware of when choosing a particular bonus are its terms. Every promotion has specific rules which you have to follow before receiving it and betting with it. One of the most popular bonuses that you can claim is the one for newly registered players. With such promotions you usually receive a 100% matching bonus, or another amount, depending on the bookmaker.
You should also be aware of the qualifying requirements. You may need a promo code for activation in some cases, while in others a minimum deposit will be enough. Everything depends of the leading bookmakers’ policy.
Once you receive your bonus, you are not able to withdraw the amount right away. There are wagering requirements you need to meet first.
To be able to withdraw the winnings from your account, you must roll over the combined amount of your bonus and deposit a certain number of times.
Another essential condition to keep in mind is the deadline of the bonus. Usually, you have 7-30 days in which you must wager the bonus. If you do not meet the deadline, your bonus and all winnings from it will be nullified.
Your bets must be placed on sports events while having the minimum odds requirements in mind. Usually, some markets will not count toward wagering. These may include Asian handicap, lines, and bets on evens/odds to name but a few.
When To Use a Bonus And When Not To?
Punters are free to choose which promotions to claim and which ones to pass by. Do some research in advance to find out which bookies come with the best bonuses. Read their terms and conditions beforehand. A final tip is to read online reviews by other players to see if the bookie offers good enough bets. Thus, you will know whether an offer is right for you and whether you will be able to wager it. That is precisely why we advise you to explore the terms and conditions of any bonus offer thoroughly. If you think they are feasible on time, there is no problem applying for the promotion. However, if you do not like the bonus conditions, it is better not to bother with it at all, because you might lose the deposit you have made to receive the bonus.
Everyone has to decide if they can handle a bonus. If so, take advantage of it, if not, better skip it.
What is the difference between a promotion and a bonus code?
Promotions & Bonuses
These are a type of reward for new and registered players of the betting site. They come in all types of forms and shapes. You can have a welcome matching bonus after you sign up. Then you can take advantage of free bets, reload bonuses, cashback, and all sorts of other loyalty bonuses. Some promotions are given out as part of a Loyalty Program while others are exclusive offers for VIP customers.
2. Bonus/Promo code
The above-mentioned promotions may be activated in three ways. Sometimes a simple deposit is enough to claim a bonus. Other offers require you to opt-in by clicking a special button. And yet others will require a special activation code.
Bookmakers refer to it as promo code or bonus code. It may consist of numbers or letters. Punters may be required to send it via a message or email to the customer support to unlock their bonus. But in most cases, there is a special bonus code field on the registration form of the bookie or its Cashier section.
Normally, bonus codes serve purely activational purposes, but sometimes they can help you unlock better and bigger rewards.
Bookies with the best bonuses
After registering at 22bet you have the opportunity to receive amazing bonuses and promotions. Check out what bonus code you will need and how to use it by reading our detailed bonus code review. It will detail all promotions for registered players as well as the offers for VIP members of the brand. You can read more about this brand as well as its bonuses in our review of 22bet promotions.
After registering in 1xbet and making your first deposit you will be spoilt for choice in terms of promotions. They are all very generous and come with reasonable terms. Don’t forget to read more about this renowned brand by checking out our expert review of 1xbet bonuses.
Advantages and Disadvantages of using Bonuses
- Pros:
- Extra funds to play with
- Expected value increases
- Online casino bonuses prolong the gaming session
- Ideal for players on a budget
- Diverse, tailored for different profiles of bettors
- No deposit bonuses are risk-free opportunities
- Loyal members can win holiday packages, exchange points for cash etc.
- Free spins often let players discover new slot titles
- Cons:
- High wagering requirements
- Expiration times
- Cashout limits
- Bet limits
- Game restrictions
How to choose the right promotion or bonus?
Now that you are already familiar with the types of bonuses and their conditions you can make a decision whether to take advantage of them or not. All in all, the promotion gives you a chance to win through free bets or other offers. As you already know, a lot of the bonuses require you to wager them over a few times so you can make a withdrawal from your account.
The decision of whether or not a particular bonus is right for you is entirely up to you. For example, if you want to make a withdrawal from your account without any limitations, then you wouldn’t want certain bonuses which would prevent you from withdrawing for a period of time. Everything comes down to your own wishes.
Bonuses for smartphone or tablet users
There are such bonuses for some bookmakers. You would get a promotion whether you are a new player or an existing one. You will receive said bonus once you make your first deposit through your smartphone or tablet. Usually, once you make such a bet, the bookmaker will send you an Offer Code via the email with which you have registered. This code must be submitted within 7-30 days after you have received it (depending on the different bookmakers). Only then will you receive a certain amount of money as a bonus, equal to the amount of your first deposit through your mobile device.
Frequently Asked Questions (FAQs)
How does a bonus bet work?
The concept of a bonus bet is not hard to grasp. In essence, this is an amount granted to you by the sportsbook, reserved for making bets on a specific sporting event. These promos are often called free bets because the bettor doesn’t use personal funds. Bonus money comes into play, which means your bets do not originate from your real money balance.
How can I claim sports betting bonus?
There are several paths you can take to claim a sports betting bonus. Depending on the promotion itself, you may need to use promo codes or make a qualifying deposit. Bookmaker sign up offers are reserved for new players – meaning you have to be a new member of the platform, making the first deposit. Promotions for existing customers can be redeemed within a specific timeframe, with specific codes and/or specific deposits. One thing is clear, that you must be a registered member of the bookmaker website. The rest of the instructions are provided within each individual promo description.
Do bookmakers have a maximum payout?
Most of the bookmakers do. If you intend to make bets at an online sports betting site, find out the rules concerning maximum payouts beforehand. In order to protect themselves from massive losses, bookmakers set limits. There should usually be a top amount of money that you’re able to win with a bet. The amounts can differ from sport to sport and even within singular sports markets.
Can bookies ban you for winning too much?
Successful punters experiencing unlikely winning streaks may find themselves in a situation where their accounts are restricted or closed. Sportsbooks reserve the right to limit their services to specific clients for reasons they deem valid. It is within their rights to limit your activities or close your account, even if it doesn’t sound fair.
Is a matched betting bonus worth it?
Matched betting can provide a player with a steady increase from a small bankroll over time. If you make use of this technique, you’ll reap decent benefits from free bets offered by sports betting companies. Knowing how to position your back bets and your lay bets can result in valuable outcomes.
Which bookmaker has the best sportsbook bonuses?
Everyone wants to know which bookies come with the best bonuses. There are many criteria to be met. The bookie must be trusted and fair, delivering fair terms and conditions for promotions. The qualifying requirements, as well as the bonus expiry time, affect the quality of the offer. The best sportsbook bonuses are those that allow bettors to maximize their investment and get the best value for their money. Currently, bookies such as 22Bet, 1xBet and Betfair offer the best sports betting promos.
How to choose the right bonus for me?
Educate yourself on all the kinds of bonuses you can face at a bookmakers website. Study their conditions and evaluate if they are reasonable and achievable. If you can afford to take the offer, do it. Each particular bonus may be right for one bettor, and wrong for another. Check the latest casino bonuses and sports betting promo deals for new balance boosts to exploit.
Conclusion
Bonuses are an excellent opportunity to accumulate additional funds to your account. The decision of which one to use and which one not to use is entirely up to you. The good thing is that no one can stop you from trying out all the bonuses. Do not forget that bookmakers have the right to recall or refuse any of their offers under certain circumstances. You should always bet responsibly and sensibly because betting should be all about enjoyment! Do not hesitate to contact us if you have any questions or concerns through our contact form or directly via our email: [email protected].